There are revisions in this issue due to the incorporation of more up-to-date data for the March quarter 2021 Accommodation index. There is no impact on PPI Final Demand.
The series impacted are annotated in the time series spreadsheet Table 20.
Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.
Final demand (excluding exports)
There are revisions in this issue due to the incorporation of more up-to-date data for the March quarter 2021 Accommodation index. There is no impact on PPI Final Demand.
The series impacted are annotated in the time series spreadsheet Table 20.
Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | |
---|---|---|
Final demand | % change | % change |
Final demand (excl. exports) | 0.7 | 2.2 |
Index reference period: 2011-12 - 100.0.
Offsetting the rise were price falls in:
The continuation of industry recovery is reflected in the annual results, the rise of 2.2% to June 2021 is the strongest annual increase since September 2014.
Any discrepancies between totals and sums of components in this publication are due to rounding.
Input prices to house construction rose due to Federal Homebuilder and state-based grants driving demand for housing. Shortages for some materials have placed further upward pressure on prices.
Over the past twelve months, Input to house construction prices rose 4.0%, due to; Other metal products (+3.8%) and Plumbing products (+6.0%).
Input prices to house construction rose in line with increased demand for building materials, the main contributors were:
Capital city price movements (Territory prices are not sampled):
Building construction prices rose 1.9% this quarter and 3.3% over the past twelve months.
Federal and state (Western Australia and Tasmania) based Homebuilder grants coupled with government investment in infrastructure has resulted in increased activity, driving demand for labour and putting upward pressure on material prices.
The quarterly price movements by class were:
House construction prices rose, driven by rising material costs in timber and steel, increased base prices and reduced bonus offers. House builders are continuing to capitalise on increased demand and passing on rising costs.
Over the past twelve months House construction prices rose 5.6%.
Other residential construction prices recorded its largest increase since the September quarter 2008. The price rise was driven by increases in materials and trade costs across all states. Rises in head contractor margins and preliminary costs were also recorded in Tasmania. Increased demand for skilled trades and the availability of jobs for tender allowed subcontractors to pass on price increases in materials and labour costs previously absorbed by a reduction in margins.
Over the past twelve months Other residential building construction prices rose 1.7%.
Non-residential construction prices recorded its largest increase since the September quarter 2008. Rises in materials and trade costs across all states, coupled with head contractor margin and preliminary cost rises in Tasmania drove the price increase this quarter. An increased demand for skilled trades and a rise in the number of jobs for tender allowed subcontractors to pass on the price increases in material and labour cost previously absorbed by a reduction in margins.
Over the past twelve months Non-residential building construction prices rose 2.5%.
Over the past twelve months, Heavy and Civil engineering construction prices rose 2.4%.
Over the past twelve months Input prices to the coal mining industry rose 2.7%.
Prices received for Gas extraction, domestic rose 4.9%, due to increases in global crude oil and Asian LNG spot prices:
Over the past twelve months Gas extraction, Domestic prices rose 3.1%.
Input prices to manufacturing rose 3.7% over the quarter and rose 6.6% over the past twelve months.
The main contributors to input price rises to the manufacturing industries were:
Offsetting the rise, were price falls in:
Output prices of the manufacturing industries rose 2.4% over the quarter and 3.5% over the past twelve months.
The main contributors to Output price rises to the manufacturing industries were:
Offsetting the rise, were price falls in:
Over the past twelve months:
Over the past twelve months:
Over the past twelve months:
Over the past twelve months:
Over the past twelve months Child care prices rose 65.9%. The strong annual rise is due to prices returning following the Early Childhood Education and Care Relief Package introduced in the June quarter 2020.
This release previously used catalogue number 6427.0.
Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).
Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.
There are revisions in this issue due to the incorporation of more up-to-date data for the March quarter 2021 Accommodation index. There is no impact on PPI Final Demand.
The series impacted are annotated in the time series spreadsheet Table 20.
See the full history of changes.
The compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.